Thread: House Democrats Contemplate Abolishing 401(k) Tax Breaks

This is some scary stuff

Originally Posted by CountryBoy

What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.
CB

CB,

That's not all I see on this.....They are looking to a guarantee retirement account. Kind of like the way they sold SS.

I've got my ears and eyes on this one.

Originally Posted by Frixxxx

CB,

That's not all I see on this.....They are looking to a guarantee retirement account. Kind of like the way they sold SS.

I've got my ears and eyes on this one.

Yeah I picked up on the dual SS system and they F*%& system up, no they want to do the same with our TSP.

CB

Originally Posted by JTH

This is some scary stuff

Yes sir, Damn scary, but this is exactly a taste of what we'll get with obama and his Socialist backers. Wealth redistribution.

CB

Originally Posted by CountryBoy

What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.


http://www.workforce.com/section/00/...e/25/83/58.php

CB

How did you think they would pay for the bailout?
Either print more money and watch the dollar fall or get it the Liberal Socialistic way....Tax the hell out of us.

Originally Posted by CountryBoy

Wealth redistribution.

Aren't all taxes wealth redistribution? In fact, aren't each of our pay checks wealth redistribution?

Originally Posted by CountryBoy

What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.


http://www.workforce.com/section/00/...e/25/83/58.php

CB

Here we go again, the Dems are out fo the cage. Just wait, if Obama wins this type of crap will be the norm. Guess they would want me to give up my CSRS retirement for an expanded Social Security System? And the FERS folks will really take a beating. Looks like more taxes to me! I encourage all to vote the Dems out of the House and Senate, even up the vote so one party can't abuse the people of the USA with their Liberal stupidity!

It'll never make it on the budget. No way there's enough to cut to balance this out.

Originally Posted by ChemEng

Aren't all taxes wealth redistribution? In fact, aren't each of our pay checks wealth redistribution?

Well obviously obama backers are fine with this and all other tax increases. But anyone that wants to pay more taxes are free to write a check for more. We obviously disagree on what is fair when it comes to reneging on a deal or paying taxes. You're fine with what they want to do with our savings, I'm not. 'Nuff said on this subject.

Have a good weekend,
CB

The Dems are so excited about the polls showing Barry as the winner, they just can’t resist the temptation of thinking about touching our 401K tax breaks. What next, end home mortgage interest deductions?!! I guess they figure they are so far ahead in the presidential polls, who cares anymore…

Originally Posted by CountryBoy

Well obviously obama backers are fine with this and all other tax increases. But anyone that wants to pay more taxes are free to write a check for more. We obviously disagree on what is fair when it comes to reneging on a deal or paying taxes. You're fine with what they want to do with our savings, I'm not. 'Nuff said on this subject.

Have a good weekend,
CB

No one is saying any of the above CB. I was just acknowledging "wealth redistribution" as a buzz word--much like the "death tax" from a few years back. If you were really opposed to the idea, then you would also have some major concerns in other areas--like the source of your (and my) paycheck. Or Public Schools? Police Departments? Libraries?*

Anything else is just using the word for its political undertones.

*As an aside, it still constantly amazes me the number of federal government workers that are verbally against socialism while simultaneously working for the largest socialist organization in the world.